NEW YORK, Jan. 23, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm today announced that a class action lawsuit has been filed on behalf of all purchasers of the securities of magicJack VocalTec Ltd., (Nasdaq:CALL) between February 28, 2012 and January 8, 2013, inclusive.
To join the magicJack class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint alleges that Defendants concealed magicJack's true financial condition in its public statements to investors. Namely, that magicJack overstated revenue, earnings and cash flow in its financial statements filed with the SEC. On January 9, 2013, Copperfield Research issued a report revealing these adverse facts about magicJack. This adverse information caused magicJack stock to fall $2.01/share on January 9, 2013.
A class action lawsuit has already been filed on behalf of magicJack shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than March 19, 2013. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe concentrating its practice in securities class actions.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan The Rosen Law Firm P.A. Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 275 Madison Avenue, 34th Floor New York, New York 10016 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.comSource: The Rosen Law Firm PA PC